Freestanding Storefront
For Sale
$1,250,000
2530 NE 82ND, Portland, OR 97220
Fully leased commercial property along a recognized East Portland corridor.
Property Size2,880 SF
Price / SF$434.03
Days on Market72
Property Features for 2530 NE 82ND
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Commercial
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$10,276
Amenities
Central air
Central Air Cooling
Flat Roof
Forced Air Heating
Membrane Roof
On Site
Building Details
Year Built
1964
Buildings
1
Tenancy
Single
Listing Agency:
SVAREN REALTY
(971) 255-1281
Listed By:
JOSHUA SVAREN
Source:
Corcoran
Added: Jun 21
Changed: Aug 31
Last Checked: Aug 30 at 6:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVAREN REALTY
Investment Insights
Based on property information with market context.
This freestanding storefront building contains 2,880 square feet and is fully leased to an established tenant. Built in 1964, the property has a documented history as a hospitality venue, including its former use as Misfits Bar + Lounge.
The property is positioned at 2530 NE 82ND in Portland’s Madison South neighborhood, along the 82nd Avenue commercial corridor. The setting provides proximity to major transportation routes, Portland International Airport, and nearby neighborhood amenities. Continued public and private investment in the corridor is also noted in the property information.
The property is positioned at 2530 NE 82ND in Portland’s Madison South neighborhood, along the 82nd Avenue commercial corridor. The setting provides proximity to major transportation routes, Portland International Airport, and nearby neighborhood amenities. Continued public and private investment in the corridor is also noted in the property information.
Key Highlights
- 2,880‑square‑foot freestanding storefront building
- Fully leased to an established tenant
- Located at 2530 NE 82ND, Portland, OR 97220
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,776
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$775,520
$775.5K
Cap Rate 7%
$553,943
$553.9K
Cap Rate 9%
$430,844
$430.8K
Market Conditions
NOI Build-Up for 2,880 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.3K $19.20/SF
− Vacancy
−$3.6K −$1.25/SF
EGI
$51.7K $17.95/SF
− OpEx
−$12.9K −$4.49/SF
NOI
$38.8K $13.46/SF
Area
Portland, OR
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$775,520
Cap Rate 7%
$553,943
Cap Rate 9%
$430,844
Alternative Uses
Best Use
Specialty Retail
$553.9K
$484.7K – $646.3K
NOI $38,776 @ 7.0% cap · market cap 3.10%
Second Best
Retail
$479.5K
$419.6K – $559.4K
NOI $33,566 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$808.8K
$707.7K – $943.6K
NOI $56,614 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased commercial property along a recognized East Portland corridor.
Where is this storefront property located?
The property is located at 2530 NE 82ND Portland, OR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,880‑square‑foot freestanding storefront building; Fully leased to an established tenant; Located at 2530 NE 82ND, Portland, OR 97220
